Not to mention, the financial expert's analysis is very reasonable, and the logic is closely linked and seems to be quite rigorous.

However, no matter how awesome an expert is, he can't compare to Rong Guang, a loser.

First of all, only Rong Guang knows that Lehman Brothers will definitely die within a year, so it is not about gambling at all, but about making money!

The other is the behavior of reducing holdings of OldK Technology.

What a joke! If you don’t reduce your holdings, where will the announcement come from? If there is no announcement, where will the evidence come from in the future? Anyway, sooner or later, you will need to reduce your holdings of OldK Technology stocks, it is better to recycle them.

In fact, Rong Guang didn't think too much about making money. Otherwise, the private money around him... ahem, the private money around him has been wiped out by a mother and daughter, but there is a huge cash flow in Damo's assets? But Rong Guang did not use it.

.

The other thing is the leverage when selling short. Rongguang also didn’t use an exaggerated 20 or 30 times. It just means a leverage of 3 or 4 times. You will never get rich overnight, but it’s also unlikely to blow up your position.

However, this move, coupled with the interpretations of financial experts, once again caused the market to misunderstand. It seems that Rongguang is just a child who is motivated and doesn't understand anything, and is angry at Lehman Brothers, who is cunning and financially powerful? That's definitely not the case.

Good result? Do you still need to judge the final outcome?

As a result, Lehman Brothers' stock price rose instead of falling, and instead jumped by about 7%. Hao Miaomiao's stock price fell sharply again, actually falling to HK$15.6?

Even when Dado Asset announced that it would spend 300 million to repurchase Haomiao's shares, it did not stop the decline in the stock price. Now it is not just white gloves like Advice Fund, but a large number of local institutions and retail investors in Hong Kong are short-selling Haomiao.

Meow? Just like a wall fell down and everyone pushed it, the good Meow Meow inexplicably became the worst stock in the Hong Kong stock market?

This made Rong Guang quite puzzled. He asked Xiaohu and Mary: "Xiaohu, why do they say you are a junk stock?"

"Meow meow, meow meow meow."

"Haha, that's right. My little tiger is the best behaved. I won't sell it for any money!"

"Meow meow, I want to eat dried fish! Who cares about those stocks?"

"Haha, I'm surprised. There are so many people selling short, how will they close their positions then? There are no more circulating shares in the market?"

"Meow meow, shit scraper, you humans are so stupid, don't you know meow? Give me a little fish! I don't want canned cats!"

"hehe."

…

Under such circumstances, Hao Miaomiao suddenly suspended trading again, and Lehman Brothers issued another tender offer.

This time the tender offer is more complicated, and two options are given:

The first was, of course, a full acquisition. However, Lehman Brothers lowered the acquisition price and was only willing to pay HK$19.1 per share.

The other is the directional allotment. Lehman Brothers no longer demands actual control of Haomiaomiao. They will place 30% of the stock in a directional allotment, and the placement price will be the average price of the past 30 days. They also require two directors of Haomiaomiao.

seats.

In fact, Rong Guang's unsystematic punches made Lehman Brothers quite depressed.

Lehman Brothers suddenly discovered that Rong Guang was not a very rational businessman at all, he was just a random and angry soul, right?

If you really want to acquire a full share of the company? You may not be able to achieve your goal. After all, Rong Guang personally holds the absolute controlling stake. What if everything comes to a dead end? What's the point?

Lehman Brothers is here to make money. Rongguang can be angry as much as he wants, but they have no interest in being angry.

It would be better to take a step back and become the major shareholder of Hao Miaomiao through directional allotment of shares. If there is a chance in the future, then find a way to squeeze out Rongguang and fully control the actual control of Hao Miaomiao. Anyway, that is a person who is not clear-headed.

When a rookie meets us Wall Street masters, isn't that just bullying the little kids in kindergarten?

Let’s take another step back. Even if Rongguang still controls the actual control of Haomiaomiao, wouldn’t Lehman Brothers obtain 30% of the equity of Haomiaomiao at a bargain price? They can even join forces with Rongguang to cut leeks.

Doing business! There are no permanent enemies or permanent friends, only the leeks that grow again in the spring breeze!

Don't tell me that Lehman Brothers' second plan made other major shareholders excited.

Major shareholders like SAIC and the Hong Kong Monetary Authority will generally remain neutral if it is an ordinary equity battle. Anyway, no matter who wins or loses, they are always strategic investors and do not care who is the real controller.

But now that Lehman Brothers, a new major shareholder, has been introduced? Is that a famous investment bank? That will bring a lot of resources to Hao Miao Miao, especially resources from Wall Street?

We have finally won the favor of Wall Street. That is really awesome!

It should be said that this mentality is normal. In other words, in this era, this mentality is the real mainstream.

Didn’t you see, how many domestic brands in the past have attracted foreign investment? Some of them were given away to foreign investment at a cabbage price? It’s because of this false reputation that we are also an international brand!

In fact, Nanfu Battery, for example, was wiped out by foreign capital and closed down immediately! There are also many domestic famous brands that have also disappeared.

Why is this happening? Do you really think you don’t know the virtues of foreign investors? Even if you are fooled once, you won’t be fooled again, right? It’s because this false reputation is too tempting.

So, just an "international brand" can deceive everyone in the country. Now it is a famous investment bank on Wall Street? Why don't you rush to get on the bus? Even if you die if you get addicted, it is still worth it!

Therefore, after the news came out, Lehman Brothers quickly convinced other major shareholders and they were ready to agree to the second plan.

Anyway, after the introduction of Lehman Brothers as a strategic investor, Rongguang's shares will be diluted, basically around 50%. It can still ensure the actual control of Miaomiao. In this case, let Lehman Brothers come in.

?

However, Rong Guang is not happy, why?

As mentioned before, there are three lines for listed companies on the Hong Kong Stock Exchange - 33.3%, 50% and 66.7%.

Although 50% of the equity can still guarantee Rongguang's actual control. But unlike holding 66.7%, Rongguang can decide everything with one word, and sometimes it still needs to be approved by the board of directors.

How uncomfortable is that? Especially... I can’t be Buddhist anymore, and I have to hold regular board meetings? If I have that time, I might as well hug the sweet-smelling, slippery Mary!

Meow?

Well! It's mainly about possible risks in the future. If you're not careful, if those major shareholders join forces, they secretly exceed 50% of the equity and take away the actual control of Hao Miaomiao. Who will Rong Guang cry to?

The other thing is the cabbage price of the directional allotment of shares. Why should Wall Street companies accommodate you?
Chapter completed!